Major players in the soup market are General Mills Inc, The Kraft Heinz Company, Campbell Soup Company, Unilever PLC, Baxters Food Group Limited, Nestlé, Pacific Organic, TSC Foods, Bear Creek Country Kitchens LLC, Premier Foods Group Limited, Symington’s Ltd , The Hain Celestial Group Inc, Amy’s, Progresso and Trader Joe’s.
New York, September 12, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the “Soup Global Market Report 2022” – https://www.reportlinker.com/p06319228/?utm_source=GNW
The global soup market is projected to grow from $ 14.77 billion in 2021 to $ 15.52 billion in 2022 with a compound annual growth rate (CAGR) of 5.11%. The soup market is expected to grow to $ 17.50 billion in 2026 with a compound annual growth rate (CAGR) of 3.05%.
The soup market consists of the sale of soups by entities (organizations, sole proprietors, and partnerships) which refers to soup products made into canned or packaged liquid dishes frequently served at the beginning of a meal. It is a combination of different ingredients including meat, poultry, seafood, fish and vegetables.
In addition, thickening ingredients and flavoring agents are added to the soup to make it thicker and more flavorful.
The main types of soup include canned / canned soup, cold soup, dehydrated soup, frozen soup, and ultra-high temperature (UHT) processing soup. Canned / canned soups are condensed soups prepared with less water.
The customer then adds water or milk to the solution, which is subsequently cooked. Both vegetarians and non-vegetarians come packaged in cans, bags, and other packaging materials.
These are distributed through supermarkets and hypermarkets, convenience stores, online stores and others.
North America was the largest region in the soup market in 2021 and is expected to be the fastest growing region over the forecast period. The Regions Covered by the Soup Market Report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The Soup Market Research Report is one of a series of new reports providing statistics on the Soup market, including global Soup Industry market size, regional shares, competitors with Soup market share, the detailed segments of the soup market, market trends and opportunities, and any other data you may need to thrive in the soup industry. This Soup Market research report offers a comprehensive perspective on everything you need, with an in-depth analysis of the current and future industry scenarios.
The growing demand for convenience foods is driving the growth of the soup market. Convenience foods are created specifically to enhance the convenience of consumption, allowing today’s lifestyle to meet delivery and dinner out needs.
Such a kitchen is often ready to eat without additional preparation, conveniently portable and has a long service life. The growing demand for convenience foods is expected to increase the consumption of soups, as it is widely consumed by households on a daily basis.
According to statistics from the Spanish Ministry of Agriculture (MAPA) from 2019, the consumption of prepared dishes such as soups and vegetable creams increased by 4.2% in Spain. Therefore, the growing demand for convenience foods is expected to increase the demand for soups during the forecast period.
Product innovations are a key trend that is gaining popularity in the soup market. Companies operating in the soup market or packaged soup industry are focusing on developing or producing organic and vegetable soups to conquer the untapped market and strengthen their trading position around the world.
In April 2021, Pacific Foods Of Oregon, a subsidiary of Campbell Soup Company, is investing heavily in plant-based innovation with the launch of creamy oatmilk soups and plant-based creamy broths. Creamy oat milk soups are the first oat milk soups to hit the market and are expected to appeal to a wider audience interested in plant-based foods.
In April 2019, Kettle Cusine, a U.S.-based food company that produces fresh, premium quality soups, sauces, side dishes, appetizers and sous vide meats, acquired Harry’s Fresh Foods for an undisclosed amount. This acquisition solidifies Kettle Cuisine’s position in the market as the coast-to-coast fresh soup manufacturer.
Harry’s Fresh Foods is a US-based supplier of fresh foods including soups, sauces, appetizers and desserts, for restaurants and grocery stores.
The countries covered in the soup market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06319228/?utm_source=GNW
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